A new IKEA store is part of the regeneration plans at New Monks Farm in Lancing. The proposals will see the site developed into a strategic employment and housing growth centre. The proposed development will add £11.5m GVA to the Adur economy each year in addition to £2.7m of public sector receipts.
In line with Adur District Council’s emerging Local Plan, once completed the site will provide 600 new homes, 30% of which will be affordable and a new IKEA store that will create 430 full-time and part-time jobs.
It is estimated that over 80% of these jobs will be taken up by local people. IKEA is an exemplar ‘living wage’ employer and are committed to working with the local community and business forums through its Corporate Social Responsibility programmes. The new homes will be delivered by CALA, a premium national house builder for over 40 years.
The regeneration of New Monks Farm will also see the development of a new single form entry primary school serviced site with expansion space, the relocation and expansion of the Gypsy and Travellers site from 12 to 16 pitches and a new 28-hectare Country Park with new ecology habitats, cycle and walking pathways.
A new transport junction on the A27 will also open up access for new commercial development and up to 450 new jobs at Shoreham Airport, which will help secure the long term future of the airport.
Following public and stakeholder consultations in late January 2017, a planning application will be submitted in late February / early March and, if approved, development will begin in the Autumn.
The new IKEA store is planned to be open by the Autumn of 2019.
Martin Perry, Director of New Monks Farm Development said: “The regeneration of our site will significantly deliver Adur District Council’s economic growth aspirations. We are delighted with the support we have received to date, and have worked closely in partnership with the local Council over the past 18 months to bring forward a scheme that will provide much needed new homes and jobs for local people. At the same time, our investment in a range of drainage infrastructure solutions will ensure that our development and surrounding neighbourhoods are protected for years to come.”